Sat.Apr 17, 2021 - Fri.Apr 23, 2021

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Finding the Human Touch in an Increasingly Digital World

Accenture

The spike in demand for digital banking experiences caused by the COVID-19 pandemic has already reshaped the global banking industry. As our recent Global Banking Consumer Study found, the pandemic has driven a huge shift towards digital interactions in every market.

Study 259
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Making the Case for Real-Time Payments

ATM Marketplace

Brady Harris is the CEO of Dwolla, a company that provides access to real-time payments for businesses. With over 20 years of experience in the payments industry, Harris is working to make programmable payments the standard for any industry. He shares with ATM Marketplace he knowledge and insight on the topic of real-time payments in the industry

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A surge in payments trends: FIs forced to pivot quickly during pandemic

Bobsguide

The increased demand for contactless payments during the pandemic meant financial institutions had to pivot quickly to asses market structures and what features and products to prioritise, according to Sajni Shah, co-head of product at Starling Bank. The first quarter of 2020 saw a larger shift.

Trends 158
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What Billie Eilish Can Teach Lenders About Capturing the Gen Z Market

SWBC's LenderHub

Every generation has a sound that defines its era. Whether it’s Jimi Hendrix’s guitar playing on the Woodstock stage during the Summer of Love, Video Killed the Radio Star blasting on MTV in the 1980s, or 2Pac and Biggie dominating 90s hip hop charts, baby boomers, Gen X, and millennials alike identify with unique musical influences. But what music will come to define the youngest generation, Gen Z?

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Destroying Gender Stereotypes In The Financial World

BankBazaar

Stereotypes have plagued our lives for years now, and finance is no exception to this phenomenon. Here are some gender-based stereotypes broken and crushed once and for all! Human society is very complex in its intrinsic design, and while this complexity has a lot of remarkable elements to it, it isn’t free from certain negative elements. Stereotypes may have come about due to some common patterns in history, but they have little relevance in the modern world today.

Maine 148

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Q&A: Reconciliation solutions aiming to step up travel & tourism recovery

Bobsguide

BG:What prospects do the travel & tourism industry face in the post-pandemic recovery period? IP: Business heavily suffered during the pandemic lockdowns. The broad travel & tourism segment has been among the hardest hit, some exited the business. Air transportation, holiday reservation.

Industry 157
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We're Getting a Bit Ahead of Ourselves

SWBC's LenderHub

Last Wednesday, cryptocurrency exchange creator Coinbase launched its highly anticipated direct stock offering (as opposed to a traditional initial public offering) to great success and excitement. As cryptocurrencies like Bitcoin and Ethereum become increasingly accepted by major institutional investors and custodians (like the Bank of New York), the public offering of the main gateway for fiat currency (USD, EUR, JPY, as examples) was a big deal and a smashing success.

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Business Lending Volume Is Low Even While Economists Are Optimistic and Consumer Spending Is High

Banking Exchange

Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase Community Banking Consumer Compliance Customers Fair Lending Profitability Feature3 Financial Research Feature Financial Trends Lines of Business Retail Banking The Economy.

Lending 127
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JP Morgan given lower sustainability rating after funding failed European Super League

TheGuardian

Standard Ethics downgrades US bank from ‘adequate’ to ‘non-compliant’ in light of ESL backing A sustainability rating agency has downgraded JP Morgan Chase after the US bank was revealed to be funding the failed European Super League (ESL) breakaway attempt. Six of England’s richest clubs, including Manchester United, Liverpool and Arsenal, were among the 12 European teams that hoped to gain permanent membership of a new tournament.

US 132
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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Banking tech market updates: Microsoft and Mastercard in new strategic partnerships

Bobsguide

On April 22, US Fintech Ally announced a partnership with Microsoft to advance quantum computing in the financial services industry. The strategic relationship will leverage the latest research on quantum-inspired algorithms to understand how it can be applied in a broader commercial use. On.

Marketing 135
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Market Commentary: Week of April 19, 2021

SWBC's LenderHub

Last Week: Despite a slew of strong March economic data—much stronger than expected—equity and other risk assets kept well bid. The surprise of the week was the sharp drop in treasury yields that accompanied the data.

Marketing 142
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'Open Banking' is What 'Banking' Has Rapidly Become

Payments Source

Fintech Digital payments Payment processing APIs

Fintech 188
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5G and Wi-Fi 6 for banks? That makes perfect sense!

Cisco

In 2023, 18.4 percent of all mobile connections in Germany will be based on 5G, according to Cisco’s Annual Internet Report. 5G mobile communications are already available in over 40 countries around the world. Despite this sharp increase in 5G, the majority of connections (69 percent) will continue to be covered by WLAN or fixed broadband networks.

Mobile 104
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Finding the right technology partner for your innovation roadmap

Bobsguide

Consumers today are in the driving seat. Bolstered by the incoming waves of digital natives and growing digital confidence among boomers and Gen X consumers, the banking and commerce landscapes are changing fast – and all organisations need to evolve to remain relevant. Traditional.

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What matters to firms? New insights from survey text comments

BankUnderground

Ivan Yotzov, Nick Bloom, Philip Bunn, Paul Mizen, Pawel Smietanka and Greg Thwaites. Text data is often raw and unstructured, and yet it is the key means of human communication. Textual analysis techniques are increasingly being used in economic and financial research in a variety of different ways. In this post we apply these techniques to a new setting: the text comments left by respondents to the Decision Maker Panel (DMP) Survey, a UK-wide monthly business survey.

Survey 105
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Exceptional Customer Service Delivers A Superior Customer Experience

Jack Henry

Today’s Environment. The stress and negative impact of COVID-19 during 2020 will not quickly be forgotten. Closed businesses. Stay-at-home mandates. Masks. Not to mention, essential businesses and essential workers not only had to learn how to simply keep working but also provide an exceptional customer experience during a pandemic.

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Rishi Sunak launches taskforce on Bank of England digital currency

TheGuardian

Chancellor says move is one of measures designed to boost City after UK’s Brexit departure from EU A Bank of England digital currency for the UK has moved a step closer after the chancellor Rishi Sunak announced a top-level taskforce to explore the benefits and risks of the idea. Sunak said a joint Treasury-Bank of England taskforce was being set up as part of a range of measures designed to boost the City following Britain’s departure from the EU.

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

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Survey: Volatility in investment banking explored

Bobsguide

While markets have broadly recovered from the shock of the coronavirus pandemic, uncertainty about the future and volatility has remained. At Bobsguide, we’re looking to hear from market participants to understand how volatility is affecting the outlook for investment banking in 2021. Your.

Survey 88
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Weekly Wrap: How open-banking, RPA and low-code tools are driving automation

BankInovation

Bank Automation News this week looked at the maturation of digitization and automation trends while also exploring how low-code tools might be leveraged by financial institutions going forward. While robotic process automation (RPA) is having a moment in the sun, as seen by RPA vendor UiPath’s debut on public bourses this week, low-code tools and […].

Tools 98
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Is a Loan the Answer?

PopularBank

To borrow or not to borrow? That is the question! By Harold Blinder. Condominium and homeowner association properties are aging. Even the best maintained property cannot avoid this process. Professional managers and directors with fiduciary responsibilities face an era of serious decision making to maintain property values. The following information provides an overview of the financial tools available to facilitate property repairs and replacements.

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JP Morgan to back $6bn breakaway European Super League

TheGuardian

Move by six Premier League clubs to join breakaway competition has been widely condemned European Super League – live updates JP Morgan Chase has confirmed it will finance the new $6bn (£4.3bn) European Super League breakaway football league , which will include six English clubs and three each from Italy and Spain. The US investment banking giant said on Monday it was financing the venture but declined to state how much it was stumping up to create the proposed new league or when the competitio

US 98
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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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Paytech market updates: Paypal, Afterpay and Stripe lead innovations

Bobsguide

On April 19, payments platform Stripe launched its Stripe Issuing service in 20 European countries allowing businesses to design, create and manage their own cards. The service is popular among US business customers and will give European business users more control in how and where their money is.

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Facial recognition, other ‘risky’ AI set for constraints in EU

BankInovation

Facial recognition and other high-risk artificial intelligence applications will face strict constraints under new rules unveiled by the European Union that threaten hefty fines for companies that don’t comply. The European Commission, the bloc’s executive body, proposed measures on Wednesday that would ban certain AI applications in the EU, including those that exploit vulnerable groups, […].

Groups 98
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Professor Thomas Vartanian authors new book on financial panics

CFPB Monitor

A new book authored by Professor Thomas Vartanian, Executive Director & Professor of Law at the Antonin Scalia Law School of George Mason University, will likely be of interest to many of our blog readers. Titled “200 Years of American Financial Panics: Crashes, Recessions, Depressions, And The Technology That Will Change It All,” the book provides a comprehensive historical account of financial panics in America.

America 78
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Haunted by shame: victims of bank transfer scams tell of lasting trauma

TheGuardian

Fraud can have devastating consequences on victims, and not only financially Mary Higgins’s life changed the moment the phone rang one afternoon in November. The caller claimed to be from the Metropolitan police fraud department and told her that her bank cards had been compromised. In an elaborate scam, involving two days of phone calls from fake officials, the 78-year-old was persuaded that she was helping police with a money-laundering sting in which her bank was complicit and agreed to trans

Fraud 97
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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.